LYC 0.77% $6.56 lynas rare earths limited

Ann: Becoming a substantial holder, page-19

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    I think you are talking about a short squeeze. Investors like short squeezes because when they happen the SP goes up fast and sometimes exponentially as panic sets in for shorters. .The potential for short Squeezes' goes up dramatically as number of shorts go up. For me I start looking at about 8% shorts. Simple if stock goes up shorters have to "buy to cover" in US this is a legal term and you are suppose to declare it when you buy. If you do not the broker does not clear the short.

    Lynas Shorts. Most of the numbers I will use are JMO if you do not like them redo it with your own. If we look at 3 year chart on Short Man We see that Lynas has a background short level of about 2%. Current short level is 3.45%. If a short squeeze was to happen that means about 0.015 of the shares would be bought to cover 0.015 x 900M= 13M shares. If we look at volumes of last few weeks I think a SP rise of AUD 0.05 from a short Squeezer would happen. I doubt much more. Large Short buying and short squeezes are one time things and do not have long term impact! Covering shorts just like buying takes time JMO I think it would take a week or two. You form your own ideas. Here is a chart of recent activity. I would love to post short volume in this chart but a year or two ago Short Man upgraded their charting and removed the ability to download the raw data. They also eliminated the daily short trading numbers which were several times the size of the total shorts every day. Shorts are usually a very fast in and out trade.
    DateClose*SP changeVolume
    118-May-215.45(0.01)3,549,782
    217-May-215.460.02 3,626,042
    314-May-215.44(0.23)8,226,174
    413-May-215.67(0.11)4,719,599
    512-May-215.78(0.23)15,666,363
    611-May-216.010.03 4,636,191
    710-May-215.980.18 3,567,478
    87-May-215.80.10 3,396,712
    96-May-215.70.00 5,426,006
    105-May-215.70.10 4,644,579
    114-May-215.60.06 6,043,603
    123-May-215.540.04 6,710,722
    1330-Apr-215.50.02 6,204,743
    1429-Apr-215.480.25 12,022,026
    1528-Apr-215.23(0.18)12,700,207
    1627-Apr-215.41(0.09)4,840,161
    1726-Apr-215.50.02 6,561,803
    1823-Apr-215.480.17 8,971,723
    1922-Apr-215.31(0.23)11,503,150
    2021-Apr-215.54(0.31)36,702,877
    2120-Apr-215.85(0.53)20,795,990
    2219-Apr-216.380.20 6,652,776
    2316-Apr-216.186.18 4,108,131
    24
    https://finance.yahoo.com/quote/LYC.AX/history?p=LYC.AX
 
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Last
$6.56
Change
0.050(0.77%)
Mkt cap ! $6.131B
Open High Low Value Volume
$6.51 $6.59 $6.49 $8.348M 1.273M

Buyers (Bids)

No. Vol. Price($)
4 16304 $6.55
 

Sellers (Offers)

Price($) Vol. No.
$6.56 2708 2
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Last trade - 16.10pm 05/07/2024 (20 minute delay) ?
LYC (ASX) Chart
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